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Increase in XRP Wallets As Bitcoin and Ethereum Holdings Shrink

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by Giorgi Kostiuk

an hour ago

Recent trends show a decrease in large Bitcoin and Ethereum wallets, while XRP wallets are on the rise, indicating growing investor confidence.

Decline in Bitcoin and Ethereum Wallets

Over the past year, the number of large wallets holding BTC and ETH has decreased gradually. Analysts attribute this to profit-taking by investors following price surges and reallocating assets.

Strong Growth in XRP Wallets

Wallets holding at least 10,000 XRP have surged by over 220% in the past five years, and those with 100,000 XRP or more have increased by 120%. This reflects a strong interest among investors.

Retail and Mid-Tier Investors Drive Demand

The consistent increase in XRP wallets suggests interest is coming not just from institutional players. Retail and mid-tier investors are also accumulating XRP, indicating their belief in its future utility.

While Bitcoin and Ethereum capture significant attention, the steady rise in XRP wallets signals investor confidence in its long-term prospects.

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